Safe Haven Amid Crypto Rollercoasters: What Are Stablecoins and Why Your Business Needs Them | Getblock.io
GetBlock.io26 May 2021 | 12:29 pm
Stablecoins are cryptocurrencies where the price is designed to be pegged to some real-world asset (fiat currency, exchange-traded commodity and so on). There are stablecoins pegged to the U.S. dollar, Euro, Singapore Dollars, Chinese Yuans, Indian Rupees and Japanese Yens. Stablecoins merge the benefits of fiat currency and crypto assets (decentralization, censorship-resistance, low fees).